Page 4 Advertisements Column 1

Oamaru Mail, Volume I, Issue 368, 28 June 1877, Page 4

PROSPECTUS PROSPECTUS OF lUTHRIE AND LARXACH'S NEW ZEALAND TIMBER AND WOODWARE FACTORIES (LIMITED). Capital, £-250,000, In 50,000 shares of £5 each ; Deposit, payable on application, 10s. per share ; allotment Call, 10s. per share. After which it is proposed to call up £2 per share, in sums of 10s. cacli Call, at intervals of not less than three months, thus extending the tot.-.l payments over a period of one year from date of allotment. 20,000 shares, fully paid up, arc retained by Messrs. Guthrie and I.arnaeh (41100 being allotted for the Goodwill of the Budnessand preliminary expenses of floating the Company, and the remaining I<>,CIS!) bhares being fully paid up bv them in cash). The remaining 30,000 slmres are offered to the public; 20,000 in New Zealand, and 10,000 reserved for the English and Australian markets, a number of which have already been bespoken from each of those places. Provisional PiruTToits. Alexander Purt, Esq., of Messrs. A. and T. Burt. Dunedin James Robin, Esq., Carriage Manufacturer, Dunedin Robert Sparrov.-, Esq., Dunedin Iron Works, Dunedin Basil Sievwright, Esq., Solicitor, Dunedin. G. S. Brodrick, Shipping and lnsurai.ee Agent, Dunedin William Moody, Esq., Manager Xew_ Zealand Meat-Prese.ving Company, Kakanui Robert Haworth, Esq., of Messrs. R. and T. Haworth, Merchants. Dunedin A. S. Gibbs, Ksq , of Messrs. Gibbs and Clayton. Merchants, Dunedin John Reid. Esq., Merchant. Auckland. VAI.rAToIIS ANI> AI'DITOi.-S: A. W. Morris. Esq : C. 11. street, Esq.; and Edmund Smith, i'En. Captain Thomson. Harbor-Master Andrew M'Kinnon. Esq., Shipbuilder, Mayor of Port Chalmers Keith Ramsay, Esq.. Shipowner. St.rl.N m>:..s : Messrs. Sievwright and Stout. Bankei.s : The Bank of New Zealand and Branches. r.i:oKF.!:s : Messrs. Conncll and Moodie, Piinecs-street, Dunedin J. B. Bradshaw, Esq., Princes-street, Dunedin. This Company is projected for the purpose of purchasing and thered'rer carrying on Messrs. Guthrie and Larnach's w ell-known Woodw.ire Factories and their extensive Importing Timber and Iron Business. An agreement has been entered into w"th Messrs. Guthrie and I.arnach to sell to the Company their new Factories, together with all their other building*, with the entire machinery, plant, and stock of every description at the actual net cost ; the whole of the freehold and leasehold binds held by the iirm at present market value : anil their useful ileet of Coasting Vessels, also at present actual value, the new Company taking over ail current agreements and imcoinplett d orders or contracts. (For the purpose of these and ail other valuations, the gentlemen respectively named hereafter have been appointed by mutual agreement between Mes.-rs. Guthrie and harnach ami the Provisional 1 'ire-tors, j It has also been arranged that the new Company shall take over the entire debts due to the firm secured and unsecured at par, but shall be entitled to receive en al! unsecured debts iuterest at the rate of S per cent, per annum from the day when stock is taken up £p the date of actual payment, and in addition a commission for collecting or two and a haiiper cent., Messrs. Guthrie ami bainach guaranteeing the entire amount of the unsecured debts to the Company. The prudence of this arrangement will at once be apparent when it is remembered that the Company thus keeps in its own hands the entire connection of the retiring linn, and thus prevents its customers from being subjected to a possible outside pressure, receiving, moreover, a commission ior the collection of debts, which its nwn stair of officers will be able to overtake in the u-ual course of business, without cost to the Company. J By agreement between the Provisional Directors and Messrs. Guthrie ami Larnach, it has been arranged that the valuation of the freehold and leasehold lands shall be made by Messrs. A. W. Morris, C. if. Street, and Edmund Smith, accountants ; the valuation of vessels by Captain Thomson (Otago Harbour Master), Keith Ram:-ay. Esq (shipowner), and Andrew M'Kiimon, Esq. (shipowner. Port Chalmers) : and that the net cost of buildings, plant, machinery, and stock shall be ascertained from the books and vouchers of the retiring linn by a Committee of the Provision.J idrcctors, assisted by competent accountants and experts. Four thousand of the Company's shares, fully paid up, have been agreed to be allotted. to Messrs. Guthrie and Larnach., as consideration for the Goodwill of their very remunerative busiues-, they undertaking themselves to pay all preliminary expenses—including brokerage, advertising, etc.. etc.—in connection with the floating or the t.'ompauv. fcjto k will be ti.ken as on the day the Cow, pauy enters into possession, ai.d ihe debts dim to the firm will be taken over as Horn the same date. Tfce timber business is most extensive, and may fairly be said to be the largest in the Australasian Co'.emes. In connection with this branch of the business, these arc several Bush Mills, and a large licet of coasting vessels, employed regularly in carrying supplies for the leqiiircmeuts of the Facto;us as well as oj ea markets. The Import, Iron, and Hardware Business of the firm is also very extensive. These several branches at present represent a most valuable and impo.-tant pare of the film's trade, and the promoters feel confident that they can be most safely and profitably extended. In the New Zealand Wood ware Factories there are four distinct departments, viz : Ist. Sawing, ria-dng, ami Moulding Factory. 2nd. Door . ml Sash Factory. 3rd. Tub and Bucket Factory. 4th. Furniture and Turnery Factory. The tra le of each of tiiese is car-able of ft eat and profitable extension, and as an evidence of the great outlet for the products of